Exercise 1 Kanuni Enterprise paid at the rate of $20 per hour for an 8-hours day. The overtime rate from Monday to Saturday is time-and-half. The overtime rate for Sundays and Holidays is doble time. The regular working days are five days and forty hours per week. Jobs were randomly scheduled for overtime, and premium was charged to Factory Overhead. Total Job No. Sunday Monday Tuesday Wednesday Thursday Friday Saturday Hours 007 008 5.00 5.00 3.00 5.00 6.00 24.00 3.00 3.00 5.00 6.50 5.00 22.50 Machine Repair Total 4.00 - 6.50 10.50 4.00 8.00 8.00 8.00 11.50 11.00 6.50 57.00 Actions to take: 1. Compute the total gross earnings for the week per job. 2. Prepare the Journal Entry to record payroll distribution Exercise 2 Using the previous data of Kanuni Enterprise complete the following: FICA Federal Income Tax FUTA SUTA 7.65% 10.00% 0.60% 5.40% Assuming the employee's earnings for the calendar year is lower than $7,000. Actions to take: 1. Prepare the Journal Entries for all payroll liabilities. 2. Prepare the Journal Entries for all emplover's payroll liabilities